Published: Sat, December 02, 2017
Medicine | By Melba Vasquez

Red Deer area: Lowest unemployment rate in Alberta

Red Deer area: Lowest unemployment rate in Alberta

Nationally, the economy created 79,500 net new jobs which resulted in a drop in the unemployment rate to 5.9% from 6.3% in October. In November 2016, regional unemployment was at 10.1 per cent, the highest of B.C.'s development regions at the time.

Statistics Canada says Victoria's unemployment rate fell another half percent to 3.3 in November.

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Ontario enjoyed the biggest increase in employment last month, with 44,000 more people employed, mostly in wholesale and retail trade as well as in manufacturing, StatsCan reported. "Ontario has seen a downward trend in the unemployment rate since the start of 2016". While Statistics Canada's month-to-month labour force survey data tends to be volatile, the agency said the country had added 390,000 jobs over the 12 months through November, up 2.1 per cent, entirely attributable to 441,400 new full-time jobs. Nearly 30,000 of the new jobs in November were full-time.

Compared to a decade earlier, men saw a greater decline in the rate than women, though women were overall less likely to hold a full-time job through the year, both then and now.

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Canada added 80,000 jobs in November alone, driving the national jobless rate down to 5.9 per cent.

Unemployment in the Northeast dropped to 5.3 per cent in November, a dramatic rebound and down by almost half from the same time previous year. "It was the largest monthly increase in more than five years, and marked the 12th consecutive gain - an unusual streak that speaks of durability", said Sal Guatieri, senior economist with Bank of Montreal Capital Markets, in a research note.

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